PL???definition needed please.

Discussion in 'Coin Chat' started by sunflower, May 19, 2010.

  1. sunflower

    sunflower New Member

    [​IMG]
    What does the OBV-PL mean?
    Thank you.
     
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  3. G-man422

    G-man422 Member

    Obverse (front) PL=Proof Like.
     
  4. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    Really, it means nothing. NNC is one of the third world grading companies that consistently overgrades coins by a couple points. Whether the coin has a proof-like obverse means very little to an astute collector. Either the entire coin is proof-like, or it is not. This is just another way that NNC misleads novice collectors.

    Chris
     
  5. sunflower

    sunflower New Member

    Thank you. I must be more tired than I realized . I should have known that. --Tess
     
  6. BR549

    BR549 Junior Member

    Let me put it to you value wise, PCGS/NGC (top tier grading companies) would value this coin at
    $3,880 if it were MS-67 PL

    Since NNC over grades by 2 full points, let’s just say it is now down to $388 if it were actually a MS-65 PL

    But since it’s not a PL on both sides, this is the realistic value, give or take $10

    $181 @ MS-65, a substantial difference.
     
  7. Numismatist47

    Numismatist47 New Member

    I hope you're not looking at purchasing anything NNC has slabbed?

    As Chris pointed out, they overgrade, which is an understatement, but you get the point on them.
     
  8. Duke Kavanaugh

    Duke Kavanaugh The Big Coin Hunter

    All true but this might be 3 points off and it's worth even less!!
     
  9. tmoneyeagles

    tmoneyeagles Indian Buffalo Gatherer

    Exactly!! Coin probably is a 64 or less, and possibly cleaned.
     
  10. sunflower

    sunflower New Member

    Thank you everyone. This series of replies has been very informative. I think the coin bid started at under 50 dollars. It appears the time ran out on it (there was about 40 minutes left with no bids when I first came across it). It was listed as a link on www.coinflation.com. to EBAY.
     
  11. cpm9ball

    cpm9ball CANNOT RE-MEMBER

    I hope you didn't buy it. If you did, see if you can't return it for a refund. Don't even bother posting more photos or discussing it any further. Just contact the seller and tell them you're not happy with the coin.

    Chris
     
  12. Duke Kavanaugh

    Duke Kavanaugh The Big Coin Hunter

    A lot of the 3rd world holder like to put high grades on sliders, problem coins and nice AU's. That really changes the price of the coins too.
    I just don't buy any of those at all without them being seen in person unless it was for bullion values.
     
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